While numerous crypto assets have been introduced in modern times, you must remain careful while investing your funds to get better returns. And choosing from a wide range of crypto-assets can bewilder many investors. Keep reading below to learn more about the top 10 crypto assets to invest funds in 2022.
Crypto-assets in the present times is gaining prevalence as, interest in it rises. Also known as digital money, crypto-assets is blockchain-based technology that is not managed by a centralised government system.
While earlier only bitcoin ruled the crypto market as the best crypto assets, the popularity of digital money led to the introduction of various crypto-assets options. Nowadays, there are over 5,000 crypto assets on the market that you can choose to invest funds to leverage the best ROI.
Unocoin is India’s most comprehensive crypto trading platform that holds an extensive ecosystem of trades. It is build to be a seamless platform that helps you invest funds effortlessly in bitcoin, ethereum, ripple and various other online assets to trade with ease.
Top 10 crypto assets to invest
Investors widely utilise crypto-assets and it’s becoming a trend. The term ‘crypto’ means cryptography that keeps the information highly guarded against hackers. Cryptography made it possible to create and process digital currency and trade it on a decentralised platform.
Additionally, crypto-assets refer to the electronic funds created using blockchain technology to do transactions while keeping the privacy of the receivers and senders intact.
Mentioned hereunder is a list of the top 10 crypto assets you can invest funds in 2022.
1. Bitcoin (BTC)
Bitcoin (BTC) always tops the list of the top 10 crypto assets that came into existence in 2009 by an unknown person or group of individuals by the name of Satoshi Nakamoto. Bitcoin is a decentralised online asset that can get transferred from one user to another on a peer-to-peer bitcoin system without intermediaries. It holds no central depository or single head. Moreover, network connections utilise cryptography to validate transactions registered in a public categorised record known as a blockchain.
2. Ethereum (ETH)
Ethereum is another best crypto asset that is taking the crypto business by storm. Also, it is a decentralised program that supports smart contracts and decentralised applications (dapps) to get developed and managed without deception, downtime, management, or restraint from a third person.
The principal objective behind formulating Ethereum is to create a decentralised set of financial outputs that any individual over the world can access, regardless of origin or creed.
3. Litecoin (LTC)
Litecoin is among the premier online assets endowed by Charlie Lee, a previous Google technician. Litecoin serves as an open-source universal payment process that does not get directed by any intermediate authorisation or financial institution and employs “scrypt” as proof of work (PoW), which can also get decoded with high-level processors’ assistance. Also, while Litecoin resembles Bitcoin in numerous ways, it holds better flexibility when speaking of block production.
4. Tether (USDT)
Tether is the most thriving stablecoin, a crypto asset that aims to guard its exchange rate to a currency or supplementary outside source time to decrease volatility.
Since multiple online assets, including Bitcoin and Ethereum, have confronted numerous times of excessive volatility, Tether, along with various stablecoins, attempts to smooth out cost differences to attract traders who may otherwise be sceptical.
5. Ripple (XRP)
Ripple is another name in the list of the top 10 crypto assets. It is a blockchain-based technology that works as both an online payment interface and crypto-assets for financial transactions. Also, XRP or Ripple is the principal crypto-assets for merchandise created by Ripple Labs. Its products are employed for asset transfer, payment arrangement, and transmittal systems that work more like a service for universal funds and security transfers utilised by banks and financial institutions.
Libra is the most sought-after crypto asset created by Facebook. This digital currency aims to be used as a simple everyday asset. It will fundamentally remain digital money on smartphones, which individuals can utilise to make payments where crypto-assets payments are accepted.
Additionally, the assistance that it receives from the other assets presents it with the much-needed price security and further strengthens the effectiveness of the assets.
EOS originated in 2014 is another common crypto-assets created by Block One. Block One is a company that created an open-source software known as EOS.IO. EOS crypto-asset is used as a payment method on the network. These crypto-assets upheld core functionality that enables businesses and individuals to create blockchain-based applications in a method similar to web-based apps.
Monero (XMR) is a secured and untraceable open-source digital currency established in April 2014. Immediately after its production, this crypto asset soon garnered high importance among investors and crypto fans. The development of this crypto asset remains solely for donation-based purposes and is community-driven.
9. Bitcoin Cash
BCH (Bitcoin Cash) keeps a prominent spot in the crypto-assets hemisphere as it is one of the leaders and most prolific hard forks of Bitcoin. In the crypto assets exchange, a hard fork happens due to disagreements between crypto developers and miners.
While the original chain remains attached to its central blockchain code, the new chain grows a brand-new variant with an entirely different cryptogram.
10. Cardano (ADA)
Cardano was instituted in 2015 by Charles Hoskinson, a web professional and co-founder of Ethereum, who left the project over disagreements with its other authors.
It works as permissioned and permissionless blockchains on the interface. The corporation carried out extensive interpretation and experimentation, reporting over 90 provisions on blockchain technology.
The bottom line
To sum it up, we can say that after looking at the list of top 10 crypto assets, it becomes evident that investing funds in crypto assets is a high-risk investment. Hence it is prudent to divide your risks amongst various crypto assets to gain better returns.
Frequently Asked Questions (FAQs)
1. What are the safest crypto assets?
While crypto assets are a highly volatile investment, some safest crypto assets are bitcoin and ethereum.
Unocoin is India’s first and the most secure bitcoin trading app. This exchange app was founded in 2013. You can buy and sell bitcoin instantly using the Instant Buy and Sell feature. Not just this, you can also buy ETH and Sell ETH in no time. With more than eighty-seven coins listed on this best cryptocurrency exchange in India, you can also accept bitcoin from your friends from any location. You can also know which cryptocurrency works best for you with the price ticker and notifications. The most popular cryptocurrencies like Bitcoin (BTC), Ether (ETH), USDT (Tether), BNB, Ripple (XRP), Cardano (ADA), Solana (SOL), Binance USD (BUSD), Dogecoin (DOGE), Polkadot (DOT) and other popular altcoins can be traded on the go. The new Android and iOS applications make Unocoin the best cryptocurrency app. With the unique feature of the Systematic Buying Plan, you can buy and sell bitcoin and Ether periodically. What more? You can start your crypto journey using SBP for as little as INR 10. With another exciting feature called Crypto Basket, you can diversify your crypto portfolio based on market capitalisation (Market Cap) or Volume. These two excellent features make Unocoin the best cryptocurrency platform.
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Crypto products are unregulated as of this date in India. They could be highly volatile. At Unocoin, we understand that there is a need to protect consumer interests as this form of trading and investment has risks that consumers may not be aware of. To ensure that consumers who deal in crypto products are not misled, they are advised to DYOR (Do Your Own Research).